Six tips to avoid paying too much for your next home

The housing market in the UK is flourishing and for many years house prices in the UK have been rising. This year is no different, with first time buyers and those looking to find the best deal rushing to secure their property and paying over the asking price. Here are six tips that will help you avoid paying too much for your next home.

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Take your time

The key to avoiding paying too much for your next home is in the time you take looking for it. Don’t rush and make offers on houses that you know just aren’t right for you because you’re worried you won’t find something. Ask questions to the estate agent, and to the sellers.

View the property in person

With the global situation in the last year causing many to stay at home and rely on the internet to help them connect and find information, many people were viewing houses virtually and not in person. When buying a new home, it is important that you personally look around the houses.

View the property more than once

What’s more, it is also important to make sure that you view the property more than once before making an offer.

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Consider extra costs

When making an offer, and more importantly before making an offer above the asking price, it is important to consider extra costs that come with the buying of a house. A company with fixed conveyancing costs and a ‘no sale no fee’, such as Sam Conveyancing can help

Get a home buyers survey

Check to see if the house has already had a survey done, if not it is important to have one taken before making an offer on the house. A survey will help by flagging up any issues that you may not have personally seen during a viewing.

Ask questions

Another way to make sure that you don’t pay too much for your next home is to ask questions to your estate agent, this will help you to gauge what the current status is of the house sale. Check to see if the seller has found somewhere to go, if they have this will be beneficial as they will be under pressure to get an offer. Check to see if they have already had an offer, you may get an idea of what the other offers have been. Ask other questions such as why are the current owners selling and how long has the house been on the market. These are all helpful to you to see if there is any other interest and to make sure that you are paying the right price.

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